Friday, April 19, 2024 | St. Lawrence County, NY
From left, Sen. Charles Schumer, Gov. Andrew Cuomo and NYPA President Gil Quinones address the press after announcing a deal with Alcoa to maintain 600 jobs at the Massena west plant in …
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From left, Sen. Charles Schumer, Gov. Andrew Cuomo and NYPA President Gil Quinones address the press after announcing a deal with Alcoa to maintain 600 jobs at the Massena west plant in exchange for a large corporate welfare package. NorthCountryNow photo by Andy Gardner.
By ANDY GARDNER
MASSENA -- Alcoa will keep its Massena west smelter open for at least three-and-a-half more years and maintain at least 600 jobs in exchange for a multi-million dollar corporate welfare package from New York state, Gov. Andrew Cuomo and Sen. Charles Schumer announced in Massena Tuesday.
The aluminum giant will receive $30 million from the New York Power Authority in power discounts and $38.8 million from the state.
There is a $40 million penalty the company will incur if they go below 600 jobs before March 20, 2019, Cuomo said.
Schumer said the deal does not include a provision where Alcoa will modernize its shuttered east plant smelter, which was part of their original deal struck two years ago.
More will be added to this story later.
